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Re: steelo28 post# 65948

Thursday, 05/22/2014 5:06:14 PM

Thursday, May 22, 2014 5:06:14 PM

Post# of 163731
This might help but I'm not sure if the 26,000,000 is inclusive of the 3.9 MM and the 7.7 MM or not.

Project Investment: $26,000,000
Employment: 276 over the next 5 years

Project Assistance

EDC staff aided in the delivery of state incentives. The State of Missouri has pledged apx. $3.9 million in Missouri Quality Jobs and recruitment assistance of new employees. In addition, APT was the recipient of a $7.7 million allocation of New Market Tax Credits.APT is a start-up operation, currently with 32 full time equivalent employees, with an average wage of approximately $60,000. APT projects increasing employment by 276 over the next five years with an average starting wage of $42,000. and an investment of $26,000,000.First year sales of the vehicles was apx. 30,000. Projected sales for 2013 is 100,000. Major retailers include Sears, Kmart and Costco.